Insider Selling: FormFactor, Inc. (NASDAQ:FORM) CFO Sells 6,094 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) CFO Shai Shahar sold 6,094 shares of FormFactor stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $55.76, for a total value of $339,801.44. Following the completion of the sale, the chief financial officer now owns 15,669 shares of the company’s stock, valued at approximately $873,703.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shai Shahar also recently made the following trade(s):

• On Monday, March 4th, Shai Shahar sold 10,000 shares of FormFactor stock. The stock was sold at an average price of $44.51, for a total transaction of $445,100.00.
• On Monday, February 12th, Shai Shahar sold 10,000 shares of FormFactor stock. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00.

FormFactor Stock Performance

NASDAQ:FORM traded up $0.11 during trading hours on Wednesday, reaching $56.14. 391,860 shares of the stock were exchanged, compared to its average volume of 483,343. The company has a quick ratio of 3.67, a current ratio of 4.51 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.36 billion, a P/E ratio of 42.41 and a beta of 1.15. FormFactor, Inc. has a 52 week low of $27.46 and a 52 week high of $56.98. The firm has a 50 day simple moving average of $44.87 and a 200-day simple moving average of $40.98.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The firm had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. As a group, sell-side analysts forecast that FormFactor, Inc. will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FormFactor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in FormFactor in the first quarter worth $28,000. GAMMA Investing LLC acquired a new position in FormFactor during the 4th quarter valued at about $55,000. Quadrant Capital Group LLC grew its position in FormFactor by 19.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of FormFactor in the third quarter valued at approximately $70,000. Finally, SG Americas Securities LLC bought a new stake in shares of FormFactor during the first quarter valued at approximately $123,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of research reports. Craig Hallum boosted their price target on FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Stifel Nicolaus increased their price target on FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Evercore ISI initiated coverage on FormFactor in a research note on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective on the stock. Finally, TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and a consensus price target of $47.30.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.